YOU STILL HAVE THE LEGACY OF THE CRISIS VERY MUCH ALIVE.

and frustration, with modernization, with trade, with digital, with investment regimes...

“And basically, you have to address it because this fragmentation on the economic side, on the social side, is moving on to the political side.”

The result was electoral backlash and, especially in European parliamentary democracies, fragile coalitions that had trouble mustering support for decisive action.

“You still have the legacy of the crisis very much alive in terms of low growth, high unemployment, growing inequalities, and then a very large impact in the destruction of trust,” he said.

The organization said U.S. spending on infrastructure “is not keeping pace with the needs of the evolving economy and is contributing to congestion, urban sprawl and environmental degradation.”

That echoes President Donald Trump’s calls during his campaign for more infrastructure spending, though Trump place his emphasis on private investment alongside government as a source of funds. The OECD also said that the U.S.’s corporate tax rates are too high and should be reduced and simplified.

The Paris-based OECD produces extensive information and analysis on member countries’ economies with an aim to improving growth. Its 35 members include many of the most advanced economies as well as and several developing ones.